The CFTC has dropped its appeal, ending a case against the Kalshi (non-crypto-based) prediction markets platform over its election betting markets. Donald Trump Jr. joined Kalshi as an adviser in January.
![In regulators
The CFTC has dropped its appeal of a September 2024 decision that found the regulator had overstepped when they blocked Kalshi, a non-crypto-based prediction markets company, from offering betting markets on US elections [I66].2930 President Trump’s son, Donald Trump Jr., joined Kalshi as a senior adviser in January 2025.
FinCEN has designated the Cambodian Huione marketplace and payment services provider a “primary money laundering concern”. Last year, blockchain research firm Elliptic reported that the firm enabled romance scams and other illicit activity [I62]. The Treasury Department seems to agree, with Treasury Secretary Scott Bessent adding that “Huione Group has established itself as the marketplace of choice for malicious cyber actors like the DPRK and criminal syndicates, who have stolen billions of dollars from everyday Americans”.31](/proxy/post_attachment/496775/8a3f23c851.png "In regulators
The CFTC has dropped its appeal of a September 2024 decision that found the regulator had overstepped when they blocked Kalshi, a non-crypto-based prediction markets company, from offering betting markets on US elections [I66].2930 President Trump’s son, Donald Trump Jr., joined Kalshi as a senior adviser in January 2025.
FinCEN has designated the Cambodian Huione marketplace and payment services provider a “primary money laundering concern”. Last year, blockchain research firm Elliptic reported that the firm enabled romance scams and other illicit activity [I62]. The Treasury Department seems to agree, with Treasury Secretary Scott Bessent adding that “Huione Group has established itself as the marketplace of choice for malicious cyber actors like the DPRK and criminal syndicates, who have stolen billions of dollars from everyday Americans”.31")
Crypto lending is making a comeback with the SEC standing down. The Nexo platform exited the US after paying $45 million in fines to regulators; now they’ve announced they’re coming back at an event they hosted in Bulgaria titled “Trump Business Vision 2025”, which featured Donald Trump Jr.
![SEC
The cryptocurrency lending platform Nexo exited the United States in 2022, amid increased scrutiny from regulators towards crypto lending firms in general following the catastrophic collapse of companies including Celsius, BlockFi, and Voyager. The firm faced significant regulatory actions in the United States, including from the Securities and Exchange Commission, Consumer Financial Protection Bureau, and eight state regulators [W3IGG]. Nexo ultimately settled with the SEC and state regulators for $45 million in January 2023 [W3IGG].
Now, with the SEC defanged, Nexo is ready to make its comeback. At an event Nexo hosted in its native Bulgaria, titled “Trump Business Vision 2025” and featuring Donald Trump Jr. as a headline speaker, Nexo announced their return to the US for both retail and institutional investors with “high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions”.32 They added, “Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled.”33](/proxy/post_attachment/496777/4412aecd6b.png "SEC
The cryptocurrency lending platform Nexo exited the United States in 2022, amid increased scrutiny from regulators towards crypto lending firms in general following the catastrophic collapse of companies including Celsius, BlockFi, and Voyager. The firm faced significant regulatory actions in the United States, including from the Securities and Exchange Commission, Consumer Financial Protection Bureau, and eight state regulators [W3IGG]. Nexo ultimately settled with the SEC and state regulators for $45 million in January 2023 [W3IGG].
Now, with the SEC defanged, Nexo is ready to make its comeback. At an event Nexo hosted in its native Bulgaria, titled “Trump Business Vision 2025” and featuring Donald Trump Jr. as a headline speaker, Nexo announced their return to the US for both retail and institutional investors with “high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions”.32 They added, “Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled.”33")
Edited 33d ago
Nothing sez "Back 2 Business in AMERIKA" better than holding your launch party in <checks notes> Bulgaria.